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Trump administration sanctions big Russian oil companies, presses for Ukraine ceasefire

  • On Wednesday, the U.S. Treasury Department levied sanctions on Lukoil and Rosneft after the Budapest planned meeting between President Donald Trump and President Vladimir Putin was shelved.
  • After Russian negotiators rejected a cease-fire proposal, Treasury Secretary Scott Bessent said sanctions respond to President Vladimir Putin's refusal to end the war and urged an immediate ceasefire and allied support.
  • Sanctions hit Rosneft and Lukoil along with dozens of subsidiaries, targeting firms that supply almost half of Russia's crude oil exports, a vital source for the Russian government.
  • Allied pressure accompanied the U.S. action after Russian drones and missiles killed at least six people in Ukraine and the United Kingdom issued sanctions last week.
  • U.S. lawmakers are awaiting White House approval to vote on a bill to enforce steep sanctions, while more international sanctions are likely at the EU summit in Brussels on Thursday.
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The news of Thursday, October 23 on the conflict in Ukraine, live. Moscow: "Continue the preparation of the Putin-Trump Summit." Zelensky: "To freeze the war on the current front line is a good compromise"

·Italy
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+7 Reposted by 7 other sources
Center

Trump slaps 'tremendous' sanctions on Russian oil for Ukraine war

US President Donald Trump slapped sanctions on Russia's two largest oil companies on Wednesday, complaining that his talks with Vladimir Putin to end the Ukraine war "don't go anywhere."

·Cherokee County, United States
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WKYC broke the news in Cleveland, United States on Wednesday, October 22, 2025.
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